Luxoft Named a Top 15 Outsourcing Service Provider by ISG
December 13, 2016
December 13, 2016
NEW YORK--(BUSINESS WIRE)--Dec. 13, 2016-- Luxoft Holding, Inc. (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company.
Luxoft was among the leading providers in the Breakthrough Sourcing Market categories for the Americas, EMEA, and APAC regions based on annual contract value (ACV) won over the last 12 months, according to the 3Q 2016 Global ISG Outsourcing Index®. Now in its 56th consecutive quarter, the ISG Outsourcing Index® provides an independent quarterly review of the latest sourcing industry data and trends for enterprises, service providers, analysts and the media.
“We’re pleased to have earned our seventh consecutive listing on ISG’s Top 15 Sourcing lists,” said Luxoft President and CEO Dmitry Loschinin. “During this past quarter, we completed two strategic acquisitions allowing us to enter the healthcare and pharmaceutical market, to further our position in the telecom vertical, substantially expand our foot print in North America, and to expand our Human Machine Interface and digital cockpit practices in the automotive space. Our clients are increasingly engaged with our Centers of Expertise in digital transformation initiatives for big data/analytics, Internet of Things, and others.”
“For nearly 15 years, the ISG Index™ has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance,” said Paul Reynolds, chief research officer of ISG. “Luxoft continues to establish itself as a leading and growing player in the global market for Big Data, Cloud, Digital Experience, IoT and other services, based on its volume of business in relation to other industry providers.”
For more insight into Luxoft’s vertical and horizontal offerings view ISG-Insights Briefing Notes, “Luxoft’s Software Engineering Pedigree, Vertical Expertise Drive Front Office Transformation,” by Stanton Jones, published by ISG-Insights on October 4, 2016 and also, “Luxoft Develops IoT Offering Using Data Science,” by Jim Hurley, et al, published by ISG on October 27, 2016.
Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 32 dedicated delivery centers worldwide. It has more than 12,000 employees across 39 offices in 19 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit https://www.luxoft.com.
About NASDAQ-NMS:III Information Services Group
NASDAQ-NMS:III Information Services Group (ISG) (NASDAQ:III) is a leading technology insights, market intelligence and advisory services company, serving more than 500 clients around the world to help them achieve operational excellence. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services, with a focus on information technology, business process transformation, program management services and enterprise resource planning. Clients look to ISG for unique insights and innovative solutions for leveraging technology, the deepest data source in the industry, and more than five decades of experience and global leadership in information and advisory services. Based in Stamford, Conn., the company has more than 1,000 employees and operates in 21 countries. For additional information, visit www.isg-one.com
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